The sun of 2021 has risen for the remnants of the Corona catastrophe and even in 2021 the fading shadows on economics, finance and banking still remain. The year 2020 was not encouraging to Islamic banking and finance industry rather …
Read More »Islamic financial system of Pakistan is ripe and has bright prospect
Interview with Mohammad Shoaib (CFA) – CEO, Al Meezan Investment Management Limited PAGE: Tell me something about yourself and your organization: Mohammad Shoaib: I am the founding CEO of Al Meezan Investment Management Limited, the first and the only full-fledged Shariah …
Read More »Islamic Finance in Pakistan needs well-deserved promotion
Islamic finance can find rich social grounds for its growth and expansion in Pakistan and as this sector dominate Shariah-compliant services needed to be diversified. Noncompliance of Islamic law can result in withdrawal of funds from an Islamic bank. Hence, …
Read More »Islamic Finance: a code of life
Islam is more than a religion. It is also a code of life that deals with social, economic, and political matters. Every Muslim is expected to live according to the Islamic code, or Shariah. Each issue addressed under Shariah is …
Read More »Govt’s support for banks and other firms commendable as hopes of quick revival fade in Covid-19
Meezan Bank has been selected for Overseas Pakistani Saving Scheme under the pandemic stress time Interview with Mr. Irfan Siddiqui — President and CEO, Meezan Bank Limited PAGE: Tell me something about Meezan Bank, please: Irfan Siddiqui: Meezan Bank was established …
Read More »Islamic Finance (Facts & Figures)
Client Wise Financing Portfolio (% Share) Sector Dec-18 Sep-19 Dec-19 Industry Corporate 74.3 73.6 74.6 71.7 SMEs 3.7 3.3 3.5 5.4 Agriculture 0.3 0.4 0.4 3.9 Consumer Financing 10.1 10.4 9.9 6.4 Commodity Financing 10.5 11.0 10.1 9.0 Staff Financing …
Read More »Challenges and opportunities in Pakistan Islamic Banking
Islamic banking and finance are emerging as viable alternatives to conventional interest-based banking and financing. Islamic financing is not only expanding its footprint in Muslim countries but also expanding in Western countries. In today’s connected world of business, Islamic finance …
Read More »Islamic financial system can bring revolution in economic growth of Pakistan, world
To boost the system one must need a holistic approach Govt can create a system of rules and clarity for Islamic Finance in Pakistan Interview with Mr Hamad Rasool Bhullar, analyst PAGE: Tell me something about yourself, please: Hamad Rasool …
Read More »Islamic Finance (Facts & Figures)
Province/Region Wise Break-Up Of Islamic Banking Branch Network (As of September 30, 2019) Type Bank Name Azad Kashmir Balochistan Erstwhile FATA* Federal Capital Gilgit- Baltistan KPK Punjab Sindh GrandTotal Islamic Banks AlBaraka Bank (Pakistan) Limited 3 7 – 6 …
Read More »Islamic banking and finance emerging in the Philippines
Islamic banking and finance will be a major contributing industry of Philippines in near future as it is a double-digit growing emerging phenomenon due to its sustainable and viable characteristics from last several years. The total volume of Islamic banking …
Read More »Islamic system of financing: still a long way to go forward
Pakistan is not at par with the Muslim world in growth and development of Islamic finance, yet it has shown an impressive growth and diversification in Islamic finance over the past three decades. Islamic banking is one of the emerging …
Read More »Islamic financing, banking system on the road to success in Pakistan
First Habib Modaraba is well positioned in market with sound equity base, highest assets size and strong profitability Interview with Muhammad Shoaib Ibrahim — Managing Director & CEO, First Habib Modaraba PAGE: Tell me something about yourself and your organization, …
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